In January-June Russia extracted 142.223 tons of gold, up by 11.41% YoY. The growth is due to the Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity. Petropavlovsk has commissioned its autoclave manufacture and until the end of the year intends to get 15.5 tons of gold. Russia is expected to produce…
As of August 1, Magadan region has extracted 23.791 tons of gold, up by 4886 kg YoY. Tenkinskiy city district provided the most ore gold – 11496.1 kg. Alluvial gold output totaled 8022.8 kg, with the most gold contributed by Yagodinskiy city district (3304.6 kg). The region has also mined 388.4 tons of silver. The…
As of August 1 Chukotka Autonomous District has extracted 295 thousand tons of coal. 11 teams were extracting alluvial gold, having obtained 957.2 kg. 5 more companies mined 13.27 tons of ore gold. Silver output totaled 63 tons. The largest extractor was Chukotka Mining and Geological Company – its Kupol deposit output since the start…
The mining sector is one of the leading sectors in the economy of Azerbaijan. Mining of precious metals, such as gold and silver, successfully expands in its volumes. Gold mining in the country amounted to 2,061 kilograms in January-July, up by 8.7% YoY, the State Statistics Committee said in a message. In July alone 339.8…
In January-June Kurilgeo LLC, developing gold and silver deposits on the island of Urup, increased precious metals output. Thus, the company has extracted 510.6 kg of gold, up by 48% YoY. Silver output increase totaled 63%, to 2371 kg. At the same time ore mining dropped by 16%, to 298.5 thousand tons. Revenue reached 1.474…
Kamchatskoye Zoloto, developing deposits in the Bystrinsky district of Kamchatka region, intends to commission the first stage of the Baranievsky Mine in the second quarter of 2020. The mine is expected to yield 73 thousand tons of ore per year. The second stage, during which the mine will reach the design capacity of 200 thousand…
Russian precious metals producer Polymetal International increased gold production by 35%, to 602 000 ounces, while silver output fell by 14%, to 11 million ounces in January-June, it said in a statement. “We expect our production volumes to be significantly higher in the second half of the year because of a seasonal fall of concentrate…
In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors. To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY. This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)
